And why.
Massive ponzi scheme.
I use the following analogy. If 5 people out 20 dollars into an investment. Ie total 100 bucks.
But then one says the investment isn't doing well. They want their 20 bucks back.
But the plan admin says, hey stop it that's half the $.
Is there anything wrong with the person wanting their 20$ back.
Or is it because the plan admin lost so much of the value?
I blame the admins for the underlying malfeasance.
Nadine Wellwood has lots of info if you have a chance to see her presentation. nadinewellwood.ca
I'll have to see if I can get Nadine onto a livestream.
Alberta Pension Plan 101, explains why it works for Albertans.
https://youtu.be/iSXSJXk2GCI?si=5NiznKPUyyOEGw4w
Massive ponzi scheme.
I use the following analogy. If 5 people out 20 dollars into an investment. Ie total 100 bucks.
But then one says the investment isn't doing well. They want their 20 bucks back.
But the plan admin says, hey stop it that's half the $.
Is there anything wrong with the person wanting their 20$ back.
Or is it because the plan admin lost so much of the value?
I blame the admins for the underlying malfeasance.
Nadine Wellwood has lots of info if you have a chance to see her presentation. nadinewellwood.ca
I'll have to see if I can get Nadine onto a livestream.
Alberta Pension Plan 101, explains why it works for Albertans.
https://youtu.be/iSXSJXk2GCI?si=5NiznKPUyyOEGw4w
Massive ponzi scheme.
I use the following analogy. If 5 people out 20 dollars into an investment. Ie total 100 bucks.
But then one says the investment isn't doing well. They want their 20 bucks back.
But the plan admin says, hey stop it that's half the $.
Is there anything wrong with the person wanting their 20$ back.
Or is it because the plan admin lost so much of the value?
I blame the admins for the underlying malfeasance.